291
291
Dec 6, 2012
12/12
by
CNBC
tv
eye 291
favorite 0
quote 0
john wehner figured it out. and boehner can turn around and say i need $6 trillion in titlement cuts. and they can each take each other's playbook and try and figure out what they would like best to -- figure out the number and figure out how to get there. >> i don't know. both sides seem to be only too willing to do it. they're in the booking rove on fox because of that fiasco. which made good tv, but apparent apparently, i don't know, but he says republicans will get the blame for going off the cliff, but the president will be weakened the most. and orrin hatch called geithner's statement one of the most stunning and irresponsible statements that he's heard in some tile. soo can the economy avoid the cliff and rides above? anyway, senior u.s. economist and managing director at ubs. do you think we'll get a deal? >> i think we'll get a deal. do we get it before the holidays or after for markets, it matters. it's been a drag for the last nine months. so the idea that there is more uncertainty now than there was
john wehner figured it out. and boehner can turn around and say i need $6 trillion in titlement cuts. and they can each take each other's playbook and try and figure out what they would like best to -- figure out the number and figure out how to get there. >> i don't know. both sides seem to be only too willing to do it. they're in the booking rove on fox because of that fiasco. which made good tv, but apparent apparently, i don't know, but he says republicans will get the blame for going...
215
215
Dec 12, 2012
12/12
by
CNBC
tv
eye 215
favorite 0
quote 1
john, what should the fed do today? what can the fed do today to prevent that sentiment, feeding through potentially to spending on this economy? >> i don't think there's anything the fed can do at this point, because it's not about monetary policy. steve has shown you we've already had a $2 trillion expansion in the fed balance sheets. rates are at zero. and promise to be held there for another three years. so what is it that they're trying to expand the balance sheet further and trying to depress generation treasury yields lower going to do to stimulate the mee? i think it's going to do no good. potentially it could do harm, hurting savers, perhaps boosting commodity prices, raising inflation. if the fiscal cliff goes wrong, the feds have already acted. i think what they are going to do today is a mistake. >> in other words, the extension to $85 billion of outright asset purchases? >> that's correct. we're on emergency management policy more than three years into the recovery. if something goes wrong, you know, the fe
john, what should the fed do today? what can the fed do today to prevent that sentiment, feeding through potentially to spending on this economy? >> i don't think there's anything the fed can do at this point, because it's not about monetary policy. steve has shown you we've already had a $2 trillion expansion in the fed balance sheets. rates are at zero. and promise to be held there for another three years. so what is it that they're trying to expand the balance sheet further and trying...
249
249
Dec 12, 2012
12/12
by
CNBC
tv
eye 249
favorite 0
quote 0
president obama and house speaker john boehner spoke by phone on tuesday, exchanging new proposals. the president gave boehner a revised offer on monday, reducing his demand for new tax revenue from $1.6 trillion to $1.4 trillion over ten years. boehner responded with a plan that largely sticks to his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an exclusive interview with barbara walters of abc news, president obama says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill in this town that recognize our economy will be much better off. american families will be much better off if we get this done. the most important thing we can do is make sure that middle-class taxes do not go up on january 1. and i'm pretty confident that republicans would not hold middle-class taxes hostage to try to protect tax cuts for high-income individuals. >> prediction -- are you going to be able to raise taxes,
president obama and house speaker john boehner spoke by phone on tuesday, exchanging new proposals. the president gave boehner a revised offer on monday, reducing his demand for new tax revenue from $1.6 trillion to $1.4 trillion over ten years. boehner responded with a plan that largely sticks to his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an exclusive...
185
185
Dec 13, 2012
12/12
by
CNBC
tv
eye 185
favorite 0
quote 0
john mcafee back in the u.s. could be he extradited to belize for questioning in connection with the murder of his neighbor? tomorrow morning at 7:00 a. mchlt the story behind the fed's latest move, dallas fed president richard fisher is going to be our special guest. we've got lots of questions for him. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like
john mcafee back in the u.s. could be he extradited to belize for questioning in connection with the murder of his neighbor? tomorrow morning at 7:00 a. mchlt the story behind the fed's latest move, dallas fed president richard fisher is going to be our special guest. we've got lots of questions for him. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right...
270
270
Dec 10, 2012
12/12
by
CNBC
tv
eye 270
favorite 0
quote 1
the question is going to be what does the white house give john boehner, offer john boehner in terms of entitlement cuts that he can use to bring along his caucus? it's pretty clear from the cracks in republican ranks, becky, that republicans are going to give ground on tax rates for some group of wealthier americans, maybe half million dollar incomes, maybe million dollar incomes. but boehner to the speaker to bring along his caucus has to say here are the spending concessions that i want and i think that's what this set of conversations is about. >> john, it was interesting to hear it from senator corker saying, yeah, we should hold the fight on spending. you about he did it on the assumption that you're going to have this debt ceiling crisis that comes up again and these concessions that come up in i guess february. the president in his initial offer laid out something that he had to say the debt ceiling would be part of that, too. would he have back down and say we could have this conversation again in six weeks? >> that's a really hard issue. he said in the same definitive rates
the question is going to be what does the white house give john boehner, offer john boehner in terms of entitlement cuts that he can use to bring along his caucus? it's pretty clear from the cracks in republican ranks, becky, that republicans are going to give ground on tax rates for some group of wealthier americans, maybe half million dollar incomes, maybe million dollar incomes. but boehner to the speaker to bring along his caucus has to say here are the spending concessions that i want and...
262
262
Dec 11, 2012
12/12
by
CNBC
tv
eye 262
favorite 0
quote 0
one question i keep coming up against is the president and john boehner are now supposedly having good, substantive discussions. can boehner bring the troops along? if he agrees with the president, can he get enough tea party republicans behind him to sale the deal? because that wasn't the case back in 2011. and, tony, i have to say, both sides seem to have really -- with all the rhetoric we've had leading up to today, it seems to me that both sides have rallied up their bases and i have questions about whether either of them can deliver. >> yeah. i think it makes it really difficult. jared is right, you know, you talk about each element of what an agreement might be. some of them are really big water fall kinds of issues, right? and the rate issue is a water fall kind of issue. you don't meet in the middle. you have to go over and everybody go off the water fall together. >> wait a second. is there a proposal that could be met which would say we're going to raise income tax rates, but we're not going to go back to 39.6%? maybe 37%. >> it is possible, but still it is movement on margin
one question i keep coming up against is the president and john boehner are now supposedly having good, substantive discussions. can boehner bring the troops along? if he agrees with the president, can he get enough tea party republicans behind him to sale the deal? because that wasn't the case back in 2011. and, tony, i have to say, both sides seem to have really -- with all the rhetoric we've had leading up to today, it seems to me that both sides have rallied up their bases and i have...